LG Display (NYSE:LPL) Downgraded by JPMorgan Chase & Co.

LG Display (NYSE:LPL - Get Free Report) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports.

Several other brokerages also recently commented on LPL. StockNews.com downgraded LG Display from a "buy" rating to a "hold" rating in a research note on Monday. Morgan Stanley upgraded shares of LG Display from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th.

LG Display Stock Performance

Shares of LPL stock traded up $0.10 during trading on Wednesday, reaching $3.87. 622,675 shares of the company's stock traded hands, compared to its average volume of 332,198. The firm's 50-day moving average is $3.96 and its 200 day moving average is $3.98. The company has a market capitalization of $3.87 billion, a P/E ratio of -1.59 and a beta of 1.37. LG Display has a 1 year low of $3.45 and a 1 year high of $5.66. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

LG Display (NYSE:LPL - Get Free Report) last posted its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The company had revenue of $4.89 billion for the quarter. Equities research analysts expect that LG Display will post -0.5 EPS for the current year.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker's stock worth $31,000 after buying an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in LG Display during the first quarter valued at about $32,000. HB Wealth Management LLC purchased a new stake in LG Display during the first quarter valued at about $46,000. Drive Wealth Management LLC bought a new stake in LG Display during the second quarter worth about $50,000. Finally, Caprock Group LLC purchased a new position in shares of LG Display in the 2nd quarter worth about $50,000.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.